Month: December 2020

FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for $3.4 billion in cash. The transaction is expected to close in the first half of 2021, subject to regulatory approvals and customary closing conditions.In 2020, this Northrop Grumman business, in aggregate, is expected to generate approximately $2.3 billion in revenue.“This divesture allows us to drive value and reflects our strategy of focus on growing core businesses where technology and innovation are the key differentiators,” said Kathy Warden, chairman, chief executive officer and president, Northrop Grumman. “We expect to create compelling value...

NEWARK, Del., Dec. 07, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA), which includes operations in Delaware, Maryland and Pennsylvania, announced that Jennifer L. Finch, CPA, was named Corporate Treasurer and Senior Vice President of Finance, effective November 17, 2020. Ms. Finch joined Artesian in 2008 as Chief Accounting Officer. In 2010, Ms. Finch was appointed Assistant Treasurer and Vice President of Finance. She has over 30 years of accounting, auditing and tax experience, both in public practice and private industry.In her expanded role, Ms. Finch will be responsible for all cash management and banking relationships as well as corporate financings, including short-term lines of credit, long-term debt and equity. She also will have primary responsibility for all SEC, tax...

HOUSTON, Dec. 07, 2020 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (“KLXE” or the “Company”) today reported financial results for its fiscal third quarter ended October 31, 2020. On July 28, 2020, KLXE completed its previously announced merger with Quintana Energy Services, Inc. (“QES”) (the “Merger”) and the results for the three months ended October 31, 2020 include an entire quarter of combined results for both legacy KLXE and legacy QES.Fiscal Third Quarter 2020 HighlightsRevenue increased 30.1% sequentially from the fiscal second quarter 2020 on a pro forma basisNet loss and Adjusted EBITDA (a non-GAAP measure) loss reduced 30.1% and 72.0%, respectively, relative to pro forma fiscal second quarter resultsEnded the fiscal third quarter with $79.8 million in cash and $106.2 million in total liquidityMerger...

VANCOUVER, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V: WKG) (the “Company” or “WestKam”), is pleased to announce that Mr. Allen Schwabe has been appointed to the Board of Directors of the Company as an independent director.   Mr. Schwabe is a licensed realtor and former President of Buellex Holdings, a privately held corporation, for 35 years. Mr. Schwabe has also served as a President, officer and/or director for several publicly traded junior mining and tech companies, with emphasis on fundraising and property acquisitions, including Canadian Golden Dragon, Hemisphere Gold Inc and Porcher Island Gold.The Company also announces that Mr. Catalin Kilofliski has resigned as a director of the Company. The Company would like to thank Mr. Kilofliski for his contributions to the Company and wish him well...

BASKING RIDGE, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) — Hans Vestberg, Chairman and CEO for Verizon (NYSE, Nasdaq: VZ), is rescheduled to speak at the virtual UBS Global TMT Conference on Tuesday, December 8, at 8:25 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors/.Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on...

CALGARY, Alberta, Dec. 07, 2020 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) announces that it has formed a joint venture (the “JV”) with Marwest Utility Services Inc. (“Marwest”). Cordy is the Manager of the JV and holds a 49% ownership interest in the JV with Marwest holding the remainder.Marwest is headquartered in Kamloops, British Columbia and operates as a wholly-owned, 100% aboriginal company that provides services to mining, energy and transportation businesses. Marwest has partnership agreements with First Nations located throughout British Columbia (the “Partnerships”).The JV will provide a complete range of project management, support and environmental services for the construction oil and gas pipelines; maintenance and integrity of transmission pipelines and facilities;...

SÃO PAULO, Brazil, Dec. 07, 2020 (GLOBE NEWSWIRE) — XP Inc., or XP (Nasdaq: XP) announced today the closing of its underwritten public offering of 31,654,894 Class A common shares, 7,130,435 of which were issued and sold by the Company and 24,524,459 of which were sold by ITB Holding Brasil Participações Ltda. at a public offering price of US$39.00 per share. The offering was made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).In connection with the offering, XP and the selling shareholder have granted the underwriters the option to purchase up to 4,135,122 additional Class A common shares at the public offering price less the underwriting discount.XP Investimentos, Itaú BBA, Morgan Stanley and J.P. Morgan acted as Global Coordinators and Joint Bookrunners of this...

WINNIPEG, Manitoba, 07 déc. 2020 (GLOBE NEWSWIRE) — La Corporation People (la « Société ») (TSX Venture : PEO) a annoncé aujourd’hui ses résultats financiers pour le trimestre et l’ensemble de l’exercice clos le 31 août 2020. La Société a également annoncé la clôture de son acquisition précédemment annoncée d’Alliance Pour la Santé Étudiante Au Québec Inc. (« ASEQ »).Laurie Goldberg, président exécutif et président-directeur général, a commenté : « Au cours de l’année 2020, nous avons continué à réaliser des progrès significatifs dans nos quatre domaines clés : les ventes et le service, les produits, les acquisitions stratégiques et l’intégration. Ces efforts ont permis de réaliser de solides progrès financiers au cours de l’année, avec une croissance des revenus de 29,8 %, dont une croissance...

MOUNTAIN VIEW, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) — IGM Biosciences, Inc. (NASDAQ: IGMS) today announced that it intends to offer and sell $150 million of shares of its common stock and, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase shares of common stock, in an underwritten public offering. In addition, IGM intends to grant the underwriters a 30-day option to purchase up to an additional $22.5 million of shares of its common stock at the public offering price, less underwriting discounts and commissions. All of the securities offered in the offering will be sold by IGM. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.Jefferies, Stifel,...

NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) — Nasdaq, Inc. (the “Company”) (Nasdaq: NDAQ) today announced that it priced a public offering of $600,000,000 aggregate principal amount of 0.445% senior notes due 2022, $650,000,000 aggregate principal amount of 1.650% senior notes due 2031 and $650,000,000 aggregate principal amount of 2.500% senior notes due 2040 (the “Offering”). The Company expects to use the net proceeds from the Offering, together with cash on hand and proceeds of other debt, to fund the cash consideration payable by the Company in connection with its pending acquisition of Verafin Holdings Inc. (“Verafin”), to repay certain outstanding indebtedness of Verafin and its subsidiaries and to pay related expenses, and for general corporate purposes. The Offering is expected to close on December 21, 2020, subject to customary...